Market at a glance
Roughly 1.2 million sqm of office space was taken up in Germany's top 7 office leasing markets in H1. That put H1's results roughly 25% shy of the 10-year average. Many companies remain hesitant to commit to any decisions regarding leasing space or relocation. The fact that it is still too early to gauge the full impact of the pandemic and the measures involved gives further cause for uncertainty. The vacancy rate weighted by space rose slightly to 4.10%. Vacancy will continue to increase over the next few months and is expected to range from 2.5% in Berlin to 8.8% in Frankfurt.
